Short Interest in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Expands By 6.2%

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESYGet Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 472,300 shares, a growth of 6.2% from the February 29th total of 444,600 shares. Based on an average trading volume of 196,100 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.8% of the shares of the stock are sold short.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Price Performance

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria stock traded up $0.14 during mid-day trading on Wednesday, reaching $8.97. The company had a trading volume of 49,293 shares, compared to its average volume of 184,804. The business has a fifty day simple moving average of $8.45 and a 200 day simple moving average of $8.35. The company has a market cap of $532.28 million, a P/E ratio of 2.49 and a beta of 1.17. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a fifty-two week low of $5.51 and a fifty-two week high of $10.19. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESYGet Free Report) last posted its earnings results on Thursday, February 8th. The company reported ($0.56) EPS for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a return on equity of 8.22% and a net margin of 24.32%. The business had revenue of $246.62 million for the quarter.

Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Several institutional investors have recently added to or reduced their stakes in CRESY. Quadrature Capital Ltd lifted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 89.6% in the fourth quarter. Quadrature Capital Ltd now owns 107,750 shares of the company’s stock valued at $1,020,000 after buying an additional 50,923 shares during the period. Cubist Systematic Strategies LLC raised its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 229.1% during the 4th quarter. Cubist Systematic Strategies LLC now owns 33,454 shares of the company’s stock worth $317,000 after buying an additional 23,288 shares during the period. Sei Investments Co. grew its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.5% in the fourth quarter. Sei Investments Co. now owns 124,127 shares of the company’s stock valued at $1,177,000 after acquiring an additional 30,446 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the fourth quarter valued at approximately $544,000. Finally, Kopernik Global Investors LLC bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the fourth quarter valued at approximately $7,384,000. 12.90% of the stock is currently owned by institutional investors.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Company Profile

(Get Free Report)

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.

Further Reading

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